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Chuck's Chops, an Up-Scale Steak House, Received an Invoice for 800

Question 66

Multiple Choice

Chuck's Chops, an up-scale steak house, received an invoice for 800 pounds of baking potatoes with a cost of $.85 per pound. The terms were 212/102 \frac { 1 } { 2 } / 10 , n/30. Chuck was unable to pay the bill in full within the discount period but was able to remit a partial payment of $425.00 within the discount period. How much credit did Chuck receive for his payment?


A) $425.00
B) $435.90
C) $429.25
D) None

Correct Answer:

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